John, who works for Dumas Jewelers, has decided to use the weighted attribute method to compare three systems of cutting diamonds for setting into rings, earrings, necklaces, and bracelets. Once the final inspector and cutting manager scored each of three attributes in terms of importance to them, John placed an evaluation from 0 to 100 on each system for the three attributes. John’s ratings for each system follow: System Attribute 1 2 3 1. ROR > MARR 50 70 100 2. Throughput rate 100 60 30 3. Accuracy 100 40 50 (a) Use the weights below to evaluate the systems. (b) Are the results the same for both individuals’ weights? Why? Importance Score Inspector Manager 1. ROR > MARR 20 100 2. Throughput rate 80 80 3. Accuracy 100 20

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

John, who works for Dumas Jewelers, has decided to
use the weighted attribute method to compare three
systems of cutting diamonds for setting into rings,
earrings, necklaces, and bracelets. Once the final inspector
and cutting manager scored each of three attributes
in terms of importance to them, John placed
an evaluation from 0 to 100 on each system for the
three attributes. John’s ratings for each system follow:
System
Attribute 1 2 3
1. ROR > MARR 50 70 100
2. Throughput rate 100 60 30
3. Accuracy 100 40 50
(a) Use the weights below to evaluate the systems.
(b) Are the results the same for both individuals’
weights? Why?
Importance Score Inspector Manager
1. ROR > MARR 20 100
2. Throughput rate 80 80
3. Accuracy 100 20

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 4 images

Blurred answer
Knowledge Booster
Value Chain Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education